Dallas
Business Journal on October 19, 2007
By Bill Hethcock
Energy Misers
Company helps landlords save on electricity without
capital outlays
A Dallas company is pumping greenbacks into green
buildings, in a unique arrangement that gives landlords
incentives to do the right thing for the environment –
and their bottom lines.
Transcend
Development Corp., a private company formed in
2001, provides owners of older commercial office
buildings with the means to finance energy efficiency
improvements, without the landlords investing their
own capital in the upgrades.
Here's
how it works:
• Transcend gets landlords to sign managed energy
service agreements, or MESA's, in which Transcend
agrees to take over a buildings utility bills.
